That and They, Would Be You and Meby
“Day-to-day dilution from routine equity-based employee compensation and other possible dilution, such as stock-based acquisitions, will likely undermine this dual-class structure and our aspirations for Google over the very long term,” Chief Executive Officer Larry Page and co-founder Sergey Brin said today in a statement posted online. “We have put our hearts into Google and hope to do so for many more years to come. So we want to ensure that our corporate structure can sustain these efforts and our desire to improve the world.”
Google Proposes Changing Stock Structure to Maintain Its Control, Brian Womack, Bloomberg News, 12 April 2012.
You’ve got to be kidding me. Do no evil.
Each and every good investor enjoys the moment where the Class-A/Class-B share structure raises its nonsensical head.
For GOOG the good head has risen.
A great theme of Social Media Valley is the desire to play by a good and different playbook. (Memo to @PKedrosky: Get off the ski slope and calculate the dilution to “initial” FB shareholders of the Instagram take-down.)
I laud the good spirit, above. I question the true representation of very good public shareholders.
That and they, would be you and me. Discuss.